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angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he is regarded as a centrist, and the spd hopes he can pull votes from conservatives. am i think they have a better chance with him. he seems more down to earth -- >> i think they have a better chance with him than with gabriel. h
governments some certainty about the future. >> the german chancellor, angela merkel, has invested considerable political capital in the esm and welcomed the ruling. >> they have been debating the 2013 budget today. even for the pollard and terry and to oppose the fund, there was praise for the especially te provision for a debt ceiling. >> german chancellor, angela merkel, was all business when she prepared to address the german parliament. she remained preserved, imagining brief details and the german constitutional court's ruling. >> this decision strengthens the rights of parliament and gives both the government, taxpayers, and the country's citizens more security for the course we must take. that is why i say this is a good day for germany and a good day for europe. [applause] >> the opposition also welcomed the court's decision. they sought as a victory for the democratic process and the people of europe. >> european integration can only happen with democratic control and participation. this is a central message we received from the constitutional court today. >> to journalis
to be pragmatists. coming up, we'll go to berlin where angela merkel is about to speak. >> and then over to new delhi, business travel is giving a boost to the hotel business. chairperson of park hotels will be here. >> and sydney, the rba has warned its banks to be wary of the fallout of the eurozone debt crisis. >> and name dropping in new york. we hear from a morgan stanley executive on how their name change will impact the brokerage business. >> are we going to enough places around the world for you today? sydney, berlin, india, new delhi, new york -- >> and there's more to come. >> first, though, the imf says it will cut its global growth outlook. speaking at an event in washington, d.c., christine lagarde urged policymakers to take decisive steps to secure sustained economic growth. >> this time what we need is not just a bounce. we need a sustained rebound. sustained rebound. not a bounce. if this time is to be different, we need certainty more than uncertainty. and we need decision makers to turn into action taker. which will require courage and the ability to rise above the short term
. currently, no limits are in place. that's not acceptable in the long run. >> angela merkel's support has gained her a newfound popularity abroad. now she only has to convince from parliament back in germany. >> joining us now for more on this is terry martin. it looks like the chancellor did not get her way, but the rest of the world seems pretty happy. has the ecb's decision hurt her? >> it looks like a defeat for the chancellor. in her approach to the crisis, she had emphasized fiscal discipline, austerity, and the ecb decision sends a very sick -- different signal to the ecb saying they will buy up on lamented short-term bonds sending a very different signal from one the chancellor is saying. the chancellor have little choice but to accept the ecb decision, so she's tried to put a good face on it saying the ecb decision will be attached to very specific terms for the rescue packages for any countries that are selling the bonds to the ecb. she seems to be happy about that. >> the opposition to the eurozone bailout seems to be growing. could germany still and up locking the bailout proc
with us. >> welcome back. german chancellor angela merkel has been summoned to answer questions about decisions she made as environment minister in the 1990's. a parliamentary committee is looking into mismanagement of a test site to dump nuclear waste. >> critics say merkel authorized tunnels to be dug without going through the proper channels. residents and activists say the site is a public hazard and that radioactive leaks could plague future generations. the chancellor denies having made any errors in selecting the site. >> angela merkel appearing at the parliamentary inquiry. the chancellor is asked to cast her mind back to the mid-1990's when she was environment minister. the opposition claims that merkel and the rest of her party were determined to push through the nation's nuclear dump and that they ignored studies proposing other sites. >> critical scientists have expressed doubts of -- about the site's suitability. the decision to pursue the location was essentially political. >> the chancellor denies those claims, as do other members of her party. some are unable to contai
. the chancellor denies having made any errors in selecting the site. >> angela merkel appearing at the parliamentary inquiry. the chancellor is asked to cast her mind back to the mid-1990's when she was environment minister. the opposition claims that merkel and the rest of her party were determined to push through the nation's nuclear dump and that they ignored studies proposing other sites. >> critical scientists have expressed doubts of -- about the site's suitability. the decision to pursue the location was essentially political. >> the chancellor denies those claims, as do other members of her party. some are unable to contain their anger at the opposition. >> we had this experience during this parliamentary inquiry. even if it is written in black and white in the files, someone claims the opposite. >> since the late 1970's, every conservative government has wanted this nuclear waste site. only social democrats and greens have been opposed, yet they have never named an alternative. the left party says lessons must be learned for the future. >> i believe the inquiry has clea
of madrid today, protests against a visit by the german chancellor, angela merkel. they blame her for austerity. when she met with the spanish prime minister, he would not be drawn on whether he would now be asking for a bailout. angela merkel spoke of the need to restore confidence in the euro as a whole. later, a spanish minister cast doubt on whether spain would seek help. >> i know you say that in the short term, certainly, that spain does not need to ask for a rescue. >> according to the figures in the financial situation right now, we believe that we can be self-sufficient. >> but those regions -- but there are regions that see why spain may need a rescue. for companies like this furniture factory, it is a harsh climate. consumers are not spending, and it is almost impossible to find credit. once bustling industrial estates are shuddered. the town, like so many, is struggling with huge debt. even the street lighting is being reduced. today's announcement was the ecb's big bazooka. there will be no limits on the amount of government bonds the central bank can buy. quite simpl
of germany and the austerity plans, but if they lose, it will be more difficult for angela merkel to push for more a austerity in brussels. >> what about anti-europe sentiment? what has changed? >> the dutch have become skeptical of pro european alexy. they say they were pushed into accepting the euro without being properly informed. skepticism is growing and they have developed a skepticism toward angela merkel, not in the way she deals with financial matters. they like it but she is very strict and they appreciate her financial rigorous test. but she has been pushing for more political integration that would meet in brussels would give more power and that is not something the dutch want at all. the european union as awful will take a course in the future, but it is unknown. >> we will have a look at how the national debt of different countries around the world stacks up in comparison. >> first come here is some of the other news from around the world. in and, at least 11 people died in a car bombing in the capital. the blast was directed at a convoy from the defense minister. he survive
. >> madam "fine by me." chancellor angela merkel is backing the plan to buy bonds from troubled eurozone countries. >> the european central bank is an independent and reliable institution. it is responsible for the european monetary stability. the central bank made it clear that they will stay true to their mandate. >> despite heavy criticism grown coalition, she was defending the decision to buy bonds under strict conditions. >> it is a borderline decision. i can only emphasize that we have to fix the underlying structural issues causing the crisis pushing billions of dollars back and forth will not solve the problems. >> many of the parliamentary members feel the ecb decision goes too far. they say parliamentary approval is required. >> the central bank has declared they can unilaterally decide when they will buy bonds, for how long, and under what conditions. currently, no limits are in place. that's not acceptable in the long run. >> angela merkel's support has gained her a newfound popularity abroad. now she only has to convince from parliament back in germany. >> joining us now for
at angela merkel's press conference today. >> it was a chance for journalists to pound the chancellor with questions. with parliamentary elections due next year, she's very aware of the public sentiment on the debt crisis. >> angela merkel's annual luck -- annual press conference consisted of one major topic -- the eurozone press credit -- the eurozone crisis. they queried her on the eurozone crisis and germany's message. her message was simple -- unity. >> in europe must work together. no single country can achieve as much as the european union as a whole. we are fortunate to be unified. >> the chancellor is insisting on increased austerity and budgetary reforms. she is confident it will restore the hall -- the health of europe's economy. >> europe and especially the eurozone will emerge from this crisis stronger than before. i am convinced of that. >> the debt crisis did take center stage, but she addressed next year's federal election. she hopes to continue the current coalition, but her christian democrats with the free democrats. >> the european central bank president, mario drag
to meet with the german chancellor, angela merkel. the top of the agenda -- european union membership. >> the two will have much more to do with each other after croatia joins the european union next summer. the block is going to one of the most difficult chapters in its history. milanovic promised the german chancellor that they would stick to the new debt regulations. >> we're making great efforts to fill all the demands of fiscal policy that will soon be obligatory in europe. without a common fiscal policy, we are likely to find ourselves in great difficulty. we're trying to fill these criteria. >> to do that, croatia needs economic growth. the country relies heavily on tourism. it's a favorite destination for german holidaymakers, but its industrial sector has catching up to do. milanovic is trying to woo german investors. angela merkel called on him to continue reforms. >> there have been developments that impressed german investors. with regards to that, i would say we're on the right path. >> she also said she was confident that other countries in the region would follow the sa
they must follow through with the size of policies. chancellor angela merkel repeated her opposition to the pulp -- the pooling of eurozone debt. >> a stone's throw from the bdi meeting, beggars are out on the street. compared to the rest of europe, most germans are doing well, but the country is not prepared to simply foot the bill for others. chancellor merkel reassure business leaders that berlin would not hand out funds without conditions. >> guarantees must be met with checks and balances. anything else would leave europe back to a half where we have not learned from the mistakes of the past -- lead europe that to a path. >> economically, europe is moving ahead at different speeds with some countries in the north of the eu fairing quite well and others, mainly in the south of the continent, facing a severe crisis. stability programs rely foremost on german funding. >> we need to be patient and wait to see how effective the esm is before we talk about pumping more funds into it. >> the ecb president wants to go further. he tried to reassure german industrial leaders over his plan
to hear about bailouts or angela merkel. people want to talk about the cost of a bottle of gas, petrow, madison, mortgages. expectations. they want to talk about their problems and that is what we do. >> in madrid, they know the move by the ecb opens the way for spain's debt to be bought on a massive scale, remove it -- removing the threat of imminent default. but is dependent on conditions and the conditions will be set in a struggle between these two, angela merkel, who needs spain to accept more austerity to appease a german voters, and the spanish prime minister, mariano rajoy, who could not bring himself to ask for the bailout. >> of priorities of the government right now are to create jobs. the first priority is we have to continue on the path for cutting the deficit. the next is to continue the structural reforms and rebuild the banking sector. in the next few weeks, we will have more details on changes to the banking sector. >> even of the spanish people accept the conditions, the process has created cracks in the political system. >> there is a problem with the loss of credibi
heard from angela merkel saying the president has the right to speak about what he believes. i'm wondering where she will still feel some consternation at these remarks, even though they've come from a slightly sort of side adjunct. >> reporter: let's be quite clear about this. the politicians at the moment are very happy if i stay with faust, for the ecb to do their dirty work. clearly, reforms, etc., don't get on track fast enough, so they need the ecb to keep buying them time. they've done that with all the money they pumped into the market over the past few years. they've done that with the first bond bank program and they do that with the second bond bank program, which at the moment has been announced but not executed, of course. they kind of close their eyes, in my opinion, and i think he is on my side with that one. the ecb is going one step further by actually acting politically and not only in monetary policy. you're kind of stepping on dodgy ground and politicians know that, but they ignore it. he chooses not to ignore it. i think angela merkel would be happy if he w
countries. angela merkel arrived at parliament. she knew 37,000 germans had petitioned the court, fearful but control over german budget was being lost. she also knew her european strategy depended on the court backing her. >> i say it is it today for germany and a good day for europe. >> the court did rule if german liabilities were to increase further in parliament would have to give its approval. >> those who petition the court are given new bailout fund emboldens more power is going to eu institutions without proper democratic control. one of the petitioners said the decision to support was bad for german democracy. >> high-end disappointing -- i am disappointed because they finance of the expense of the north and europe. >> even here there are signs the german economy is slowing and support for further bailouts is weakening. at some point enough is enough. germany has its own problems. we should deal with them. >> we are worried germany might also go down. >> european integration is deepening. a first step was taken today towards a full banking union with an aim of economic and polit
in madrid. german chancellor angela merkel is in the spanish capital, meeting with prime minister mariano rajoy. both leaders say they will do everything possible to protect the euro. >> now on to greece were scuffles have broken out between different groups of police during anti-hastert protests. police union members in athens blocked the entrance to riot police headquarters. that prevented rider's inside from boarding buses to major protests planned this weekend. please pay is expected to be cut as the greek government pushes through spending cuts. -- police pay. >> at least 58 people have drowned after a boat carrying refugees capsized off the coast of turkey. the coast guard rescued more than 40 people. others managed to swim ashore. the boat went down in the aegean sea. officials say the boat was carrying migrants from iraq and syria. u.s. president barack obama will tell his party and all of america to night why he should stay in the white house another four years. >> the president will take the stage, of course, at the democratic national convention in charlotte, north carolina. >>
between germany and china are flourishing. problems arose between angela merkel's two-day visit. one example is solar industry. the industry accuses chinese competitors of price dumping. >> that also filed a complaint with the european commission. chancellor raised the issue in beijing as she ended her visit. >> beijing's imperial splendor. the premier accompanied the chancellor to the forbidden city. it was once home to the chinese emperor and his court. today, it is a world heritage site. it picture of the two together capturing the closeness of chinese chess -- a picture of the two together capturing the closeness of chinese-german ties. the two leaders celebrated the 100 airbus 8-320 to be built here, due for delivery soon. >> for both germany and china, the aviation industry is strategically important -- a strategically important industrial sector, and it is a prospect with an enormous future. >> both countries want to keep and trade ties further, but representatives of german industry say that china has to open up its markets more. the outgoing chinese leadership gave the chanc
. the top clubs in germany are right behind it. >> angela merkel journals -- joined some of the leading figures of german soccer to publicize the event. the slogan reads "go your own way." the german league is a melting pot, with players from 60 different countries and is a motivator for integration. >> social cohesion depends on providing children from migrant families the chance to better themselves. we want to encourage them. >> champions and will play at the weekend and at the chancellor plans to be in the crowd. they're a good example of successful integration. >> we have three polls, a brazilian, a player for australia and the other from serbia. >> but there are still races in the stadiums. abuses were shot at a black player. they say it needs to stop. >> we are making it clear the people who do not accept that have no chance. >> it the slogan "go your own way" will be printed on the balls. officials no more needs to be done. >> berlin is attracting even more art lovers than usual these days. >> it is berlin are weak and there are plenty of exciting places to discover. one of them
situation. german chancellor angela merkel and spanish prime minister mariano rahoy met in madrid. in a news conference after the meeting, rahoy said spain will decrease bad debts held by banks and conduct structural reforms to rebuild the country's financing. he added that his country will also work to achieve economic expansion. merkel said each country must deal with its issues. she called on spain to implement austerity measures to restructure its financing. and that's all for now in business news. i'm going to leave you with the latest market figures. >>> the people responsible for disaster preparedness in japan have drawn up a picture of widespread flooding in tokyo. their scenario shows floodwaters washing down residential streets and through business districts. the government council agreed on a set of guidelines on how to prepare and react. the council of cabinet ministers and sdaflter prevention officials drew up the recommendations. they call on central and local governments to coordinate efforts to deal with the damage. they estimate residential, commercial and business districts
cabinet has agreed on draft laws aimed at ending the practice. >> once again, chancellor angela merkel's conservative government is pushing for financial regulation. the draft legislation agreed to by the german cabinet would contain potential market instability caused by high- frequency trading. that is when computers buy and sell millions of euros of securities within seconds. the proposed rules would clamp down on a rapid, dramatic fluctuations in the market in several ways. >> registration requirements for high-frequency traders, transparency that would allow regulators to recognize abuses faster, the ability four market regulators to suspend trading if there are recognizable aberrations. >> members of the opposition say the draft legislation does not go far enough. they want a limit on how fast traders can resell securities, but berlin argues that sort of regulation could threaten the livelihood of the market. >> traders in frankfurt welcomed the potential ban on high- frequency trading. our markets correspondent has more from frankfurt. >> there will be a speed limit on the tradi
positive assessment, maybe he might get a little breathing room. maybe he might persuade angela merkel of germany and france want hollande -- francois hollande of france to give him some breathing room. greece could face immense political instability to add to its financial woes. >> thank you very much. austerity strikes under way in greece. the streets of the spanish capital madrid are calm after a night of violent protests. riot police fired rubber bullets at demonstrators who tried to march on the parliament building, angry at their governments' efforts in spending cuts. now this report from madrid. >> many in the crowd were young. this protest was organized by social media. -- via social media. it was more expensive than other recent demonstrations -- more tense. thousands gathered on the roads in their evening. their path was blocked by hundreds of riot police. and then this. the police moved in, taking out certain people. the police were prepared. 1300 were deployed in the roads around the parliament. they had few problems holding back the protesters. this was yet another demonst
now angela merkel is trying to bail out her own banks through this huge imf bailout. the same thing that happened to aig. once you stuck money in it, it went to banks. that's what they're doing. back door bailout for banks. you've got to let these countries start dealing with it themselves. there is no hope. i don't believe, in my opinion, for greece and probably a couple other countries. >> sally, the bailouts that we've seen, whether it's companies or countries over the last couple of years, overall global taxpayers are frustrated. i mean, do we need to be still helping out europe to save ourselves? do we put the u.s. taxpayer at risk? >> i agree with john, these are all -- most of the plans here are government trying to help their own banks, including banks in the united states. not worrying enough about what's affecting the people on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so like it or not, and no matter how we got i
to see you today. thanks for joining us. >>> german chancellor angela merkel is preparing for yet another meeting today -- >> how is she doing? >> it's one after another after another. she is set to hold talks with herman von rompuy. she's been having down time and having a few beers at a german beer festival. >> this is how she does it. >> the german chancellor did get on stage and called on germany to have solidarity. >> is she on the stage? there she is. i wonder if she would have a sash and flowers. she looks quite happy. >> she just wants the beer. >> is that post the beer? she looks like she's enjoying herself. >> love it. >> where do we go on the road to the beer festival? >> oktoberfest. >>> still to come, president obama is set to make his pitch for four more years in the white house as the democratic convention kicks off. could the real focus be on friday's jobs report? we'll discuss that. >>> welcome back to "worldwide exchange." >>> the ecb moves closer to unveiling bond-buying plan as president draghi insists it will not breach rules on state aid. >>> australian central bank
on the 4th. thursday, the ecb meeting as well as angela merkel's meetings, span yib prime minister rajoy, and a bond auction, as well. on the 12th, the european commission has a banking proposal. the big deal will be the court reeling on the esm. and then on the 14th, the euro group meets in cypress. now, let's supposing that the constitutional court goes well and the ecb lays out a plan, will that be the meeting in which spain says, we're now ready, can we agree on the continuelty of any bailout? that might be the way it works. and then on the 22nd of the month, germany's angela merkel meets fran's francois ohlaholla. what do you think, in september, will it all be in play? will we have a plan functioning that will get yields at below 6%? >> we may have a plan to get yields to around 6%. but i don't think we'll have the grand plan or the eurozone. >> that's an entirely different thing, right? >> entirely different thing. i think the purpose here is just to buy some time to see what can be achieved in a more practical fashion. in terms of reforming the eurozone, in terms of having a turn
a break. when we come back, madeleine albright will be here. she will make cookies. angela merkel is up next. you talk to real people. they have done real things. what was this? >> i loved it. >> nice talking to you. but plenty of companies do that. so we make something else. we help make life a little easier, more convenient, more rewarding, more entertaining. year after year. it's the reason why we don't have customers. we have members. american express. welcome in. how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. mom: ready t♪ go to work? ♪ ♪ ♪ every mom needs a little helper. that's why i got a subaru. announcer: love. it's what makes a subaru, a subaru. . >>> tonight's only in america, how do you solve a problem like obesity? those who spe ten hours languishing at office desks, what better solution than this. t
to meet with angela merkel who is dealing with a possible currency collapse. in trying to bail out the rest of the country in europe. it will effect us at home. i could meet with the chinese and press them on human rights. it could meet with the north african leaders to talk to them about the growing threat of al-qaeda there. then i could meet with pakistan, afghanistan, and iraqis and tell them better get your act together and get in line. that would have been a presidential thing to do. it would be different if he did something like "the view" every once in a while. he does it constantly. that's all anybody talks about. >> bob: he has had conversations with merkel about the euro and all that. >> andrea: but it would be different if the middle east wasn't burning down right now. >> bob: it's not burning down. >> dana: if it wasn't the u.n. general assembly this week. >> andrea: who are the leaders asking for the meetings, too. they asked in egypt and he rebuffs them and they asked in israel and rebuff them. specifically asked in libya, the same thing. these are the countries that
around the world just like angela merkel and what is different there? >> we said another country's there is the equal amount of male and female in the polls to run for elective office also family legacy in some countries part of the leadership. we are lagging behind. the parliamentary system makes it much more easier than our system and constitution states exactly what percentage of parliament and i raise the question why do you think from the european countries and someone said the monarchy. they are used to queens. there is something to that or ghandi who is father and benazir bhutto. we don't add any of those. >> two countries are arguably like us, canada with only one female prime minister and australia only now. so you see the same dynamics it only now zero occurs. and the sole prime minister she really in countered a lot of those problems with she ran for leader of the party then from the election shortly thereafter. her attire, a marital history, the fact she was dating somebody, those two cultures are the same things. women have to juggle more through life. what about the
Search Results 0 to 49 of about 89 (some duplicates have been removed)

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